This study examines when established firms participate in corporate venture capital (CVC). We build on the resource-based view of interfirm collaboration and emphasize the strategic flexibility of CVC relationships. We use longitudinal data on 477 firms from 1990 to 2000 to test our hypotheses....

The search for external knowledge must necessarily be accompanied by effective organizational learning. The effectiveness of learning is dependent on quite dissimilar factors based on whether the learning objective is explorative or exploitative. Moreover, different types of uncertainty become...

This study examines the conditions under which portfolios of corporate venture capital (CVC) relationships influence corporate investor innovation performance. We investigate this question using longitudinal data on CVC investment portfolios of 40 telecommunications equipment manufacturers. We...